Last summer we attempted to cover what was supposed to be some major news from the Allocated Bullion Exchange (ABX) that could impact the world gold market. Unfortunately, something went wrong with their deal with BullionCoin and that partnership was called off.
While working on that story back in the summer of 2017, I did come across some information that convinced me that this news could be quite significant in terms of an impact on the world gold market which is why I worked so hard to try and cover it here for readers. When the deal with BullionCoin did not work out, I had to drop the story and wait to see if any further news did emerge.
It now appears that there was some significant news related to the ABX in line with some things I had heard might be possible. That news has now been announced by the ABX and below are links to the various news releases coming out. They are provided here in an effort to alert readers to this news. Andrew Maguire of the ABX says more news is coming as well in recent comments on his Twitter feed.
-------------------------------------------------------------------------------------------------------------------First, we have this news from last November:
European Commodity Clearing announces partnership with Allocated Bullion Exchange
and some comments on this from Andrew Maguire here
Now this week we have this news release:
Allocated Bullion Exchange announces exclusive strategic partnership with Indonesian Government Post Office
On top of these news releases from ABX, we have these Twitter comments from Andrew Maguire:
https://twitter.com/andrewmaguire1/status/955773241326436353
https://twitter.com/andrewmaguire1/status/956116031596040192
There is also this brief discussion on Twitter that seems to imply the potential for large physical gold purchases as best I can tell:
https://twitter.com/Lord_Snooty_III/status/956623070692872198
Here is a recent audio interview with Andrew Maguire and the ABX CEO on all this:
http://radio.goldseek.com/nuggets/coughlin.01.23.2018.mp3There is quite a bit of potentially significant information discussed in the audio interview linked just above so I would suggest anyone interested in these issues listen to it.
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My added comments: I will keep an eye out for any more news on this and report it here if more significant news is announced. In the interview linked above, there is a suggestion that more large partners involved with this will be announced including banking relationships and large institutions with very large memberships in the Eastern part of the world. Again, they imply that all this will lead to very large additional global demand for physical gold and silver, especially in the East.
Digix.global has a very similar product already
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